Market Commentary

Euro/dollar

Euro/dollar traded sideways after nailing a three-week high on Friday. It's been marching higher since February 8 . The pair is slightly overbought, but sideways to higher trading is favored.

Oscillators are rising.

NEAR-TERM: Mixed
MEDIUM-TERM: Mixed
LONG-TERM: Bullish

Dollar/yen

Dollar/yen rallied on Monday after the support of a rising trendline held. Mixed to higher trading is likely today

Oscillators are mixed.

NEAR-TERM: Slightly bullish
MEDIUM-TERM: Slightly bullish
LONG-TERM: Bearish


Sterling/dollar

Sterling/dollar traded sideways on Monday.

Oscillators are mixed.

NEAR-TERM: Mixed
MEDIUM-TERM: Bearish
LONG-TERM: Mixed

Dollar/Swiss franc

Oscillators are declining.

NEAR-TERM: Mixed
MEDIUM-TERM: Mixed
LONG-TERM: Bearish